Cost-push inflation tends to occur when output grows at a faster rate than the supply of money in the economy.

Name: Cost-push inflation tends to occur when output grows at a faster rate than the supply of money in the economy.
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Question

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Cost-push inflation occurs when the costs of production increase, leading to a decrease in supply and an increase in prices, not necessarily related to the rate of output growth compared to the money supply.

Cost-Push Inflation Tends to Occur When Output Grows at a Faster